IDBI Dynamic Bond Fund collects over Rs.115 crores in the New Fund Offer

IDBI Dynamic Bond Fund, the New Fund Offer (NFO) launched by IDBI Asset Management Ltd., collected over Rs.115 crores, predominantly from around 3400 applications, mainly from retail investors, including HNIs. End Quote

(1888PressRelease) March 01, 2012 - Commenting on the success of IDBI Dynamic Bond Fund, Mr. Debasish Mallick, Managing Director and Chief Executive Officer, IDBI Asset Management Ltd, said: "The positive response received by our NFO confirms investors' faith in the IDBI Brand. In the current scenario of economic uncertainties, high accruals and expectations of rate cuts, investment in debt could be viewed as a good and prudent asset allocation strategy".

IDBI Dynamic Bond Fund is designed to invest exclusively in debt products of various maturities, including Government securities, T-Bills, Certificate s of Deposits, Commercial Papers, PSU Bonds and Corporate Bonds with an objective to generate income while maintaining liquidity and asset quality through active management of a portfolio comprising of debt and money market instruments. The Fund will take active duration calls with a view to optimize return to investors.

The NFO was open between January 30, 2011 and February 14, 2012. The scheme re-opened for sale and repurchase from February 23, 2012.

About IDBI Asset Management Ltd.
IDBI Asset Management Ltd. is a subsidiary of IDBI Bank Ltd. The sponsor for the IDBI MF is IDBI Bank Ltd and the Trustee Company is IDBI MF Trustee Company Ltd. IDBI Mutual Fund's mission is to promote financial inclusion, by assisting the common man in making informed investment choices, through mutual funds and thus bring to him, the prosperity of the capital markets."

Disclaimer: Mutual funds investments are subject to market risks, read all scheme related documents carefully.

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